0000823094-15-000025 Sample Contracts

Severance Agreement
Severance Agreement • May 11th, 2015 • Sothebys • Services-business services, nec • New York

This letter agreement (the “Agreement”) sets forth our understanding with respect to your rights and obligations in the event of the termination of your employment with Sotheby’s (together with all of its subsidiaries and related entities “Sotheby’s” or the “Company”). This Agreement is being entered into with your acceptance of employment. This offer of employment and the benefits under this Agreement are contingent upon your eligibility to work legally in the U.S. and your commencement of employment no later than March 31, 2014.

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SOTHEBY’S NEVADA, INC.
Sothebys • May 11th, 2015 • Services-business services, nec

This letter agreement amends the Agreement of Partnership (the “Partnership Agreement”) of Acquavella Modern Art, a Nevada general partnership, dated May 29, 1990, between Sotheby’s Nevada, Inc., a Nevada Corporation (“Sotheby’s Partner”), and Acquavella Contemporary Art, Inc., a Nevada Corporation (“Acquavella Partner”).

RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • May 11th, 2015 • Sothebys • Services-business services, nec • New York

THIS AGREEMENT, effective as of the 31st day of March, 2015, is entered into between SOTHEBY'S, a Delaware corporation (the "Corporation"), and Thomas S. Smith (the "Executive").

SOTHEBY'S RESTRICTED STOCK UNIT PLAN PERFORMANCE SHARE UNIT AGREEMENT
Restricted Stock Unit Plan • May 11th, 2015 • Sothebys • Services-business services, nec • New York

THIS AGREEMENT, entered into effective as of the 31st day of March, 2015 between SOTHEBY'S, a Delaware corporation (the "Corporation"), and THOMAS S. SMITH (the "Participant").

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • May 11th, 2015 • Sothebys • Services-business services, nec • New York

THIS AGREEMENT, effective as of the 31st day of March, 2015, is entered into between SOTHEBY'S, a Delaware corporation (the "Corporation"), and Thomas S. Smith (the “Executive”).

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